Nano X Imaging Ltd [NNOX] stock is trading at $8.59, up 9.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NNOX shares have gain 12.43% over the last week, with a monthly amount glided 30.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nano X Imaging Ltd [NASDAQ: NNOX] stock has seen the most recent analyst activity on September 08, 2023, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $14.50. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on January 05, 2023, and set its price target to $21. On April 19, 2021, Ladenburg Thalmann initiated with a Buy rating and assigned a price target of $52 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $70 as its price target on September 15, 2020. Berenberg started tracking with a Buy rating for this stock on September 15, 2020, and assigned it a price target of $65.
Nano X Imaging Ltd [NNOX] stock has fluctuated between $4.89 and $14.28 over the past year. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Nano X Imaging Ltd [NASDAQ: NNOX] shares were valued at $8.59 at the most recent close of the market. An investor can expect a potential return of 109.55% based on the average NNOX price forecast.
Analyzing the NNOX fundamentals
Nano X Imaging Ltd [NASDAQ:NNOX] reported sales of 10.01M for the trailing twelve months, which represents a growth of 4.33%. Gross Profit Margin for this corporation currently stands at -0.72% with Operating Profit Margin at -6.61%, Pretax Profit Margin comes in at -6.15%, and Net Profit Margin reading is -6.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.32 and Total Capital is -0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.26 points at the first support level, and at 7.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.76, and for the 2nd resistance point, it is at 8.92.
Ratios To Look Out For
For context, Nano X Imaging Ltd’s Current Ratio is 5.81. In addition, the Quick Ratio stands at 5.59 and the Cash Ratio stands at 3.3. Considering the valuation of this stock, the price to sales ratio is 49.58, the price to book ratio is 2.68.
